The very first step in data analysis is to identify the need for data, followed by developing an ability to capture the right type of data The most difficult step in analysis is often getting sensible data, particularly in the context of your organization s data management strategy
The very first step in data analysis is to identify the need for data, followed by developing an ability to capture the right type of data The most difficult
step in analysis is often getting sensible data, particularly in the context of your organization s data management strategy
This course will teach you the best practices to overcome some common obstacles in data capture, collection, and analysis You will also learn strategies to recognize the best types of data to match your needs, look at the various methods to collect primary and secondary data, and also evaluate a range of research techniques
The participants of this program will be introduced to data sources, data models, data management techniques and data ownership, all of which are all essential elements of a data driven organization
Upon completing this Course successfully, participants will be able to:
A variety of teaching methodologies will be employed These methodologies are designed to engage participants, facilitate active learning, and enable the practical application of concepts
-Mini lectures
-Case Study Analysis
-Group Discussions
-Feedback and Reflection Sessions
BASICS OF INSIGHT GENERATION DIFFERENT DATA SCIENCE FIELDS
Morning Session : Basics of Insight Generation
Data analytics is the new sliced bread
Introduction to data analytics
The importance and impact of data analytics in modern business
Case Study Successful implementation of data analytics in a retail
company
Data value chain
Understanding the data lifecycle collection, processing, analysis, and
presentation
Case Study Data value chain in a logistics company
Tools for generating insights
Overview of tools Excel, SQL, Python, R, Tableau
Hands on Activity Using Excel and SQL for basic data analysis
Business intelligence and data mining
Differences and intersections between BI and data mining
Case Study Data mining techniques in fraud detection
Afternoon Session The Different Data Science Fields
Analysis vs analytics
Defining analysis and analytics, their scope, and applications
Why are there so many data science catchwords?
Understanding the jargon analytics, data science, BI, ML, AI
Introduction to Business Analytics
Fundamentals and applications in decision making
Introduction to Data Analytics
Techniques and tools used in data analytics
Introduction to Data Science
Key concepts, methodologies, and tools
Introduction to Business Intelligence (Machine Learning, Artificial Intelligence)
Overview of BI, ML, and AI
Hands on Activity Simple data analysis with BI tools
BI vs ML vs AI key characteristics and differences
Comparative analysis of BI, ML, and AI
Case Study Application of BI, ML, and AI in healthcare
INTRODUCTION TO DATA AND DATA SCIENCE COMMON
DATA SCIENCE TECHNIQUES
Morning Session : Introduction to Data and Data Science
What is data science?
Definition, scope, and significance
History of data vs information vs data science
Evolution from data collection to data science
What is the purpose of data science fields?
Objectives and outcomes of data science
Why do we need data science disciplines?
The importance of data science in modern business
Case Study Data science in predictive maintenance
Afternoon Session : Common Data Science Techniques
Traditional Data Techniques Real life Examples
Descriptive statistics, regression analysis
Case Study Traditional data analysis in market research
Big Data Techniques Real life Examples
Hadoop, Spark, NoSQL databases
Case Study Big data techniques in social media analysis
Business Intelligence ( Techniques Real life Examples
Dashboards, reporting, data warehousing
Case Study BI in financial reporting
Traditional Methods Techniques Real life Examples
Time series analysis, hypothesis testing
Case Study Traditional methods in quality control
Machine Learning ( Techniques, Types Real life Examples
Supervised, unsupervised, and reinforcement learning
Case Study Machine learning in customer segmentation
COMMON DATA SCIENCE TOOLS BASIC STATISTICS
Morning Session : Common Data Science Tools
All the tools needed in business intelligence analytics and data science
Overview of essential tools Python, R, SQL, Tableau, Power BI
Hands on Activity Introduction to Python and R for data analysis
Data Science Jobs What do they involve and what to look out for?
Roles and responsibilities in data science careers
Interactive Discussion Career paths and job market trends
Dispelling common misconceptions
Addressing myths and misunderstandings about data science
Population vs sample
Understanding the difference and its importance in analysis
Case Study Sampling techniques in survey research
Afternoon Session : Basic Statistics Foundations of Quantitative Insights
Basic statistics
Mean, median, mode, standard deviation, variance
Types of variables
Nominal, ordinal, interval, and ratio scales
Measures of central tendency
Calculation and interpretation
Measures of dispersion
Range, interquartile range, variance, standard deviation
Hands on Activity Statistical analysis using Excel
THE NORMAL DISTRIBUTION AND HISTOGRAMS DATA VISUALIZATION
Morning Session : The Normal Distribution and Histograms
Normal distribution and histograms
Characteristics of normal distribution, creating histograms
The empirical rule
Applying the 68 95 99 7 rule
Covariance and correlation
Understanding and calculating covariance and correlation
Case Study Correlation analysis in investment portfolios
Afternoon Session : Data Visualization
Data visualization and Anscombe s Quartet
Importance of visualization, lesson from Anscombe s Quartet
Data Cleaning using Tableau
Techniques for cleaning and preparing data in Tableau
Bar chart and heat maps
Creating and interpreting bar charts and heat maps
Hands on Activity Creating visualizations in Tableau
ADVANCED CHARTS AND DASHBOARDS DEMAND FORECASTING
Morning Session : Advanced Charts and Dashboards
Bar in bar graph and bullet graph visualization
Advanced visualization techniques
Hands on Activity Creating bar in bar and bullet graphs
Generating insights from social media data
Techniques and tools for social media analytics
Case Study Social media analytics in brand management
Dashboards
Designing and implementing interactive dashboards
Hands on Activity Creating dashboards in Power BI
Afternoon Session : Demand Forecasting
Regression analysis
Techniques and applications of regression analysis
Demand forecasting
Methods and tools for accurate demand forecasting
Demand forecasting smoothing methods
Techniques for smoothing and improving forecast accuracy
Case Study Demand forecasting in supply chain management
5850 USD
London
5 Days
19th October 2024
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